Well cant complain about a ~50% increase in the project NPV! Hopefully we get a bit of a spike tomorrow from the overseas markets.
Lifting of QLD restrictions is today. They shoulda put that in the release!
Next update, engineering design (and hopfully finance is agreed then too) in Q3 2022!
"The Company has formally approved the development of Eva, contingent on completing detailed engineering to at
least 80%, which is expected to take approximately six months, project financing committed, and the lifting of
COVID-19 restrictions in Queensland, Australia. The advancement of detailed engineering will minimize project
execution risk and allow the Company to establish a more significant component of fixed-price contracts for major
scope elements. The Company also intends to place deposits on long lead capital equipment during this period.
Total project expenditures for the first half of 2022 are estimated to be approximately A$40 million. Detailed
engineering is planned for completion, to at least an 80% level, in Q3 of 2022."
Well cant complain about a ~50% increase in the project NPV!...
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